Euraudbreakout
EURAUD testing major resistance, potential reversal!EURAUD is testing major resistance at 1.5354 (Fibonacci retracement, horizontal overlap resistance) and a reaction off this level could be expected to push price down to 1.5267 support (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 97% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD testing major support, could be seeing a bounce!
EURAUD is now testing major support at 1.5267 (Fibonacci retracement, horizontal swing low support, pullback to descending support) and a bounce could occur at this level to push price up to at least 1.5354 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (55,5,3) is seeing major support above 2.8% and a corresponding bounce could occur at this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD facing strong resistance, potential upcoming drop!EURAUD is testing major resistance at 1.5423 (50% Fibonacci retracement, horizontal swing high resistance, bearish descending channel) and a strong reaction could occur at this level to push it down towards 1.5310 support (50% Fibonacci retracement, horizontal pullback support).
RSI (34) sees a descending channel signaling intermediate downside pressure.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD H4 *Ranging*At the moment we have this pair ranging after it's trend line breakout on Friday creating uncertainty whether it will return to the downside or not. Patience patience patience, let it breakout to either side of the box THEN enter!
EURAUD testing resistance, potential drop!EURAUD is starting to test major resistance at 1.5431 (50% Fibonacci retracement, horizontal swing high resistance) and a potential drop could occur at this level to push price back down to major support at 1.5297 (Fibonacci retracement, horizontal overlap support).
Stochastic (34,5,3) is seeing major resistance below 98% where a corresponding reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD forming a double top reversal!EURAUD has started to form a really strong reversal signal with a double top being confirmed at 1.5378 (23.6% Fibonacci confirmation level, horizontal pullback resistance). A potential drop could occur from here towards 1.5311 support (above 50% Fibonacci support, horizontal overlap support, double top reversal potential).
RSI (34) sees a couple of recent bearish exits signaling that a reversal is potentially in progress.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD testing channel resistance!Price is testing major descending resistance at 1.5419 (bearish channel resistance, horizontal overlap resistance, 61.8% Fibonacci retracement) and a strong drop could possibly occur at this level to push price down towards 1.5285 support (Fibonacci extension, horizontal swing low support). Our next major level of resistance is at 1.5478 (78.6% Fibonacci retracement, horizontal break out resistance level).
Stochastic (34,5,3) is seeing major resistance below 96% where a corresponding drop could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD on major support area, keep an eye out!EURAUD is now testing major support at 1.5335 onwards (Fibonacci retracement, horizontal overlap support, recent swing low support) and a strong bounce could occur as this level to push price up to at least 1.5112 resistance (Fibonacci retracement, horizontal overlap resistance).
Stochastic (34,5,3) is seeing major support above 2% and a corresponding bounce could occur at this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EURAUD-Short termEURAUD picks up a nice momentum, i am looking to go long around 1.5039-82 for a target to 1.5175, with stop below 1.4999,
Disclaimer: Please Note, all analysis shared are my own views, they are not intended as an advice but entertainment only. Markets are uncertain so the outcome of any trade idea. Do not risk more than 1% of your equity.
EURAUD Fueling UpEURAUD on the daily time frame has broken the upper range fueling up for attacking 1.50. Stoch also looks great
TP: 1.52
SL. 60 pips from current market price. or 80 depending on our equity
EUR/AUD - 200 Pips+ Short OpportunityEUR/AUD seems to have broken it's bullish trend and now is deciding whether it can breakout it's support and fall further down.
We can also see there is Moving Average Convergence Divergence with the MACD with higher highs with the candlesticks and lower lows with the MACD.
I suggest to wait for the breakout, but this could very well be a good setup.
Always trade after your own analysis and money manage properly.
Happy trading!
EURAUDOur preference: position bought above 1.4820 with targets at 1.4950 & 1.4990 in extension.
Alternative scenario: in break of 1,4820, a continuation of the decrease will be envisageable with 1,4775 & 1,4720 in line of sight.
Comment: The RSI is well oriented.
EURAUD Free FallEURAUD looks very promising for a sell on the daily time frame! On a side note i must add then in about 5 hours now we have the aud interest rate decission, so getting in early can be risky! I get in with a decent position and am able to add more in case it drops on the news
Stoch Rsi shows a nice bearish cross over and at the adx you can see red line sharp bend up and green line a sharp bend down which is a trend reversal sign.
Currently its trying to break the lower range and also soon the 14 EMA. Given by the long up run the previous weeks a correction down is very likely. I can definitely see the price go down towards the 72 EMA.
Take profit: 1.46
I dont use a stop loss on this trade. Theoretically my account can handle it till 1,1560 so enough room to add more in case it goes down on the news tonight.
EURAUD Hybrid SetupA beautifull Hybrid Setup on EURAUD.
Entry direction will depend on the daily close.
If it will close below this level it will trigger a sell for next week, if its breaks on the daily close it triggers a buy.
Sell:
Sl: 1.5260
TP: 1.5130 > 1.0560
Buy:
Sl: 1.5140
TP: Keep it open and trail it with moving up your stop loss
NICE SELL SETUP on EURAUDWhat goes up must come back down. This pair has been in an uptrend for weeks and now it is starting to show signs of reversal (H&S?? Triple top??). Sell the pair on the breakout of the trendline, or wait for a retest then ride it from there.
Always use proper risk management!!! and Good Luck.
TP: 650+ pips!!!
EURAUD long based on Mongerskit Trading System We have a buy signal generated on EURAUD supported by our technical analysis.
Incase of a pullback, we expect a retest of the daily support and a rally to top.
EUR/AUD - 200 Pips Long OpportunityThere is a good opportunity to catch 200 pips when EUR/AUD finally breaks it's resistence.
Be on the lookout, when you do confirm the move with your own analysis, get in it professionally with the right risk management.
This is simply an idea, always make your own analysis before investing.
Happy trading!
RE-ANALYSIS IN EURAUD - DAILY CHARTHey Folks,
We broke trend so we now have a B wave forming up which I expect to turn at some point of the upper structure into a final C wave.
-
Hey chicos,
Tendencia rota entonces tenemos una onda B formándose que espero que en algún punto superior de la estructura desarrolle una onda C.
Carlos
